Accounting Terms
Across
- 2. the process of recording business transactions
- 3. an entry recorded for a payment made or owed
- 6. a person to whom money is owed for goods
- 7. money at the bank for the business
- 9. a method of recording transactions which requires a two accounts per transaction
- 10. one of the four types of inventory hint: reselling
- 12. the amount of money invested by the owner in the business
- 14. the positive difference between revenue and expenses
- 15. an individual trading alone in her own name
- 16. the amount of money the business has at its disposal
- 18. used when the business sells goods
- 21. events that result in the change of two items in the statement of financial position
- 22. goods returned by the business back to the supplier
- 23. the negative differences between revenue and expense
- 24. the name given to goods that were bought by the business for resale
Down
- 1. any debts owed by the business to someone
- 4. the value of all the assets that has been used up to obtain the revenue
- 5. goods returned to the business by its customers
- 8. a person who owes money to the organization for goods or services supplied
- 11. entry used when money is received
- 13. owner's equity is also known as
- 17. cash or goods taken out of a business by the owner for her private use
- 19. property of all kinds, such as land, equipment, and inventory
- 20. analyzing business recording then creating financial reports
- 22. the amount of money you made from selling the product